Moneycontrol Pro Market Outlook | Nifty faces crucial test after eighth consecutive weekly decline
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity markets extended their losing streak to the eighth consecutive week, marking the longest weekly decline in 25 years.
- ✓The Nifty 50 tumbled 718.55 points to settle at 22,421.95.
- ✓Many factors like rising crude prices and foreign fund outflows hurt the market, as investors got worried about the global situation.
Story at a Glance
- Category
- MARKET
- Reported By
- Moneycontrol
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Indian equity markets extended their losing streak to the eighth consecutive week, marking the longest weekly decline in 25 years. In a holiday-shortened week, both benchmark indices recorded their steepest weekly fall in several months. Weak global and domestic cues, elevated crude prices amid renewed tensions in the Middle East, rising global bond yields, persistent foreign fund outflows and a weakening rupee added to the market's woes.
The Nifty 50 tumbled 718.55 points, or 3.10 percent, to settle at 22,421.95. The Nifty Midcap 100 index declined 3.5 percent during the week, while the Nifty Smallcap 100 index extended its losing streak to a fourth consecutive week, shedding 3.3 percent. The selloff eroded nearly ₹15 lakh crore from the combined market value of BSE-listed companies during the week.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Moneycontrol
Read the full, original unfiltered story directly on the publisher's portal.